USD/ZAR


traders view logo Charts by TradingView

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

US DOLLAR / SOUTH AFRICA RAND Trading

The USD/ZAR is an exotic pair not traded as often as the majors but also gaining in popularity among traders. Traders might use USD/ZAR forex pair to hedge their currency exposure for an asset purchase or funds received in USD. This act offers them to lock in the current exchange rate and helps to avoid fluctuations of the currency.

History of USD ZAR Trading

The USD dates back to 1792, when the United States Congress created the US dollar as the official country’s currency. It serves as legal tender in many countries, and it is the most widely used currency in the world both in circulation and reserve. The US dollar forms the majors as it pairs with all main currencies in the foreign exchange market (forex).

The South African rand is the official currency of South Africa but also a legal tender in Swaziland, Lesotho and Namibia. After apartheid period sanctions, the South African rand experienced high volatility when depreciating. Today the ZAR looks stronger when investors decide to take on more risk in the developing countries.

USD/ZAR Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/ZAR whenever the currency pair is more volatile. From 10:00 to 17:00 SAST., the USD/ZAR is usually busy (SAST).

Why Trade USD/ZAR with FP Markets? An Australian-regulated forex & CFD broker
go long or short
Go Long or Short

Increase your ability to profit in
all market conditions
Leverage options up to 20:1

direct market access
Direct Market Access (DMA) Execution

Real-time, transparent share prices
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue

advanced platforms
Advanced Platforms
& Technology

MT4, MT5, Webtrader & Iress with
superior client portal

24/5 Multilingual customer support
24/5 Multilingual
Customer Support

Award winning support &
personal account managers

global exposure
Global Exposure

Low margins and competitive commission
+10,000 products on global stocks
across 4 continents

earn dividends
Earn Dividends

On long positions
No ownership of physical
shares necessary

Start Trading
in Minutes

bullet Access 10,000+ financial instruments
bullet Auto open & close positions
bullet News & economic calendar
bullet Technical indicators & charts
bullet Many more tools included

By supplying your email you agree to FP Markets privacy policy and receive future marketing materials from FP Markets. You can unsubscribe at any time.




Source - database | Page ID - 5580

Get instant Updates in Telegram